The sector has enjoyed better share price results than the mid and large sectors throughout the year, according to the Smaller Companies Briefing report released by analysts Teather & Greenwood.
According to the stocbrokers, the FTSE Small Cap Index (ex investment trusts) has risen by 22% in the last year as has the FTSE Small Cap – while the FT 100 has fallen by 7.5%.
This has partially come about as a result of suitable economic conditions for SMEs – namely the interest rate remaining at 6% for eight months running.
The report said: ‘Smaller companies have been the driving force of the new economy. Their ability to adapt better to fast-changing business environments has made them more attractive than their larger counterparts.
It adds: ‘The most successful technology companies are an example of this.’
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